KSengineer

Autoworkers' Pay Only Small Factor in Detroit's Problems

Soooo, who are these retirees? I assume they used to work for GM (fairly safe assumption, I think) . If you don't add the $15/hr to the figures of those who are currently working (like they used to) but will be retired someday (like they are now), then when do you?

Your argument is silly. And, so is your article since it doesn't debunk the $73 myth but, rather, proves it true.

First Take on GM: Packaged Bankruptcy Inevitable

How does a GM bankrupcy lead to destruction of our economy? GM would not be liquidated but, rather, restructured so it can thrive in the current envionment. If GM's employees want the best opportunity to keep their jobs, they'd enthusiastically support restructuring through chapter 11 bankrupcy.

On Dec 03 05:18 AM User 263844 wrote:

> A bankruptcy for GM would mean the destruction of an already fragile
> economy. Too many jobs and retirees are connected directly to GM
> and many more indirectly.

Wall Street Breakfast: Must-Know News

"Bernanke suggests need for new regulatory approach"

II have a sneaky suspicion that if Fanny and Freddie would have held their standards at the expected level all along, our current problems would be much smaller and confined to the private sector where the risk/reward equation could be working it’s magic without bringing the entire system down.

What I mean is if Fanny and Freddie would not have purchased those innovative investments, like CDO’s, which contained non-conforming loans and would have limited themselves to purchasing investment paper that conformed to the same risk level as CONFORMING loans are supposed to represent, my guess is this contagion would have been greatly limited. But they set the tone by purchasing high risk investments.

So, it seems to me we already have the regulations in place. What we don’t have is the discipline to live by them. The government set the bad example and now they want to regulate more. Someone needs to bring some sanity to the system. Unfortunately, I don’t’ have much hope that will ever happen since greed and self-interest is carrying the day in the USA.